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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments

515 High Ave Sultan, WA 98294

Individually Owned 4-yr Hold
Property ID
US90-1321480
Property summary
AI-generated overview

This exceptional .69-acre parcel, located at 515 High Ave, Sultan, WA 98294 (APN 28083200300500), presents a remarkable opportunity for high-density residential development. The property boasts a prime location fronting High Street in Snohomish County, offering excellent visibility and accessibility. Its flat terrain simplifies construction, and utilities are readily available either on the property or directly adjacent on the street, minimizing upfront infrastructure costs. Zoned for high-density development, this land is perfectly suited for the creation of multi-family dwellings, townhouses, or other high-density residential projects. The proximity to local schools and other amenities ensures a desirable living environment for future residents, maximizing the potential rental income or resale value. This is a rare chance to acquire a substantial piece of development land in a sought-after Sultan location, offering significant potential for a strong return on investment. The property's flat topography and convenient access to utilities make it an exceptionally attractive proposition for developers seeking a straightforward and profitable project. Don't miss this chance to build in a thriving community.

Property profile
Verified
Property type High-rise multifamily apartments
APN 28083200300500
UPID US90-1321480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Edward George Ray · 4 yrs held
Edward George Ray
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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